Republic Services Reports Q2 2024 Revenue Growth of 8.6 Percent

Phoenix-based Republic Services reported double-digit growth in EBITDA and EPS in Q2 2024.

The company expanded EBITDA margin by 110 basis points and reported a net income of $511 million.

"Pricing in excess of cost inflation and solid operational execution underpinned strong results across the business," said Jon Vander Ark, president and CEO.

He added, " We continue prioritizing our differentiating capabilities –  Customer Zeal, Digital and Sustainability – to help our customers achieve their operational and sustainability goals, and drive significant value for our stakeholders."

Republic Services indicated that year-to-date cash invested in acquisitions, including an investment in a post-collection business, was $67.6 million.

The company also reported a boost in recycled commodity prices, which rose to $173 per ton from $119 per ton in 2023.

Q2 Highlights:

Revenue: $4.04 billion

Net Income: $511.5 million
Adjusted EBITDA: $1.257 billion

Full-Year 2024Outlook:

Revenue: $16.075 billion to $16.125 billion

Adjusted EBITDA: $4.900 billion to $4.925 billion

Adjusted Diluted Earnings per Share: $6.15 to $6.20.

Adjusted Free Cash Flow: %2.150 billion to $2.170 billion.